Investors Purchase High Volume of Call Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the target of some unusual options trading activity on Wednesday. Investors acquired 36,130 call options on the company. This is an increase of approximately 2,077% compared to the average daily volume of 1,660 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Stifel Nicolaus upped their target price on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Piper Sandler raised their price target on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, August 30th. DA Davidson boosted their price objective on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $337.96.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the transaction, the director now owns 1,140,006 shares in the company, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at $23,313,925.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,281 shares of company stock valued at $6,310,411. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the stock. MFA Wealth Advisors LLC bought a new stake in MongoDB in the 2nd quarter worth approximately $25,000. Sunbelt Securities Inc. increased its position in MongoDB by 155.1% in the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the last quarter. J.Safra Asset Management Corp raised its stake in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP lifted its position in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in MongoDB during the second quarter valued at $35,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 2.2 %

Shares of MDB stock opened at $278.39 on Thursday. The stock has a fifty day simple moving average of $268.79 and a two-hundred day simple moving average of $286.09. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The firm has a market capitalization of $20.42 billion, a PE ratio of -99.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the previous year, the firm earned ($0.63) EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that MongoDB will post -2.44 EPS for the current fiscal year.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.